Excussion
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Excussion is a noun meaning The process or proceedings whereby a creditor must proceed against a principal debtor before proceeding against a surety or subsidiary debtor.
Meaning
The process or proceedings whereby a creditor must proceed against a principal debtor before proceeding against a surety or subsidiary debtor.
Example Sentences
There has been excussion against the principal debtor, who has no assets. The creditor is therefore proceeding against the surety.
Word Forms
- excussions
Related Words
Related dictionary entries include expromission, procedure, examination, scrutiny, challenge, proceedings.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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